Patriot Energy Stock Forecast - Simple Exponential Smoothing
The Simple Exponential Smoothing forecasted value of Patriot Energy on the next trading day is expected to be 0.00 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. Patriot Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Patriot Energy stock prices and determine the direction of Patriot Energy's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Patriot Energy's historical fundamentals, such as revenue growth or operating cash flow patterns.
At the present time the relative strength index (rsi) of Patriot Energy's share price is below 20 indicating that the stock is significantly oversold. The fundamental principle of the Relative Strength Index (RSI) is to quantify the velocity at which market participants are driving the price of a financial instrument upwards or downwards. Momentum 0
Sell Peaked
Oversold | Overbought |
Using Patriot Energy hype-based prediction, you can estimate the value of Patriot Energy from the perspective of Patriot Energy response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Exponential Smoothing forecasted value of Patriot Energy on the next trading day is expected to be 0.00 with a mean absolute deviation of 0.00 and the sum of the absolute errors of 0.00. Patriot Energy after-hype prediction price | USD 0.0 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Check out Historical Fundamental Analysis of Patriot Energy to cross-verify your projections. Patriot Energy Additional Predictive Modules
Most predictive techniques to examine Patriot price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Patriot using various technical indicators. When you analyze Patriot charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Patriot Energy Simple Exponential Smoothing Price Forecast For the 3rd of January
Given 90 days horizon, the Simple Exponential Smoothing forecasted value of Patriot Energy on the next trading day is expected to be 0.00 with a mean absolute deviation of 0.00, mean absolute percentage error of 0.00, and the sum of the absolute errors of 0.00.Please note that although there have been many attempts to predict Patriot Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Patriot Energy's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Patriot Energy Stock Forecast Pattern
| Backtest Patriot Energy | Patriot Energy Price Prediction | Buy or Sell Advice |
Patriot Energy Forecasted Value
In the context of forecasting Patriot Energy's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Patriot Energy's downside and upside margins for the forecasting period are 0.00 and 0.00, respectively. We have considered Patriot Energy's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Exponential Smoothing forecasting method's relative quality and the estimations of the prediction error of Patriot Energy stock data series using in forecasting. Note that when a statistical model is used to represent Patriot Energy stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | -9.223372036854776E14 |
| Bias | Arithmetic mean of the errors | None |
| MAD | Mean absolute deviation | 0.0 |
| MAPE | Mean absolute percentage error | 0.0 |
| SAE | Sum of the absolute errors | 0.0 |
Predictive Modules for Patriot Energy
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Patriot Energy. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Patriot Energy's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Other Forecasting Options for Patriot Energy
For every potential investor in Patriot, whether a beginner or expert, Patriot Energy's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Patriot Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Patriot. Basic forecasting techniques help filter out the noise by identifying Patriot Energy's price trends.Patriot Energy Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Patriot Energy stock to make a market-neutral strategy. Peer analysis of Patriot Energy could also be used in its relative valuation, which is a method of valuing Patriot Energy by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Patriot Energy Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Patriot Energy's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Patriot Energy's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Also Currently Popular
Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.| JBL | Jabil Circuit | |
| MRK | Merck Company | |
| AMGN | Amgen Inc |
Check out Historical Fundamental Analysis of Patriot Energy to cross-verify your projections. For information on how to trade Patriot Stock refer to our How to Trade Patriot Stock guide.You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Is Pollution & Treatment Controls space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Patriot Energy. If investors know Patriot will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Patriot Energy listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
The market value of Patriot Energy is measured differently than its book value, which is the value of Patriot that is recorded on the company's balance sheet. Investors also form their own opinion of Patriot Energy's value that differs from its market value or its book value, called intrinsic value, which is Patriot Energy's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Patriot Energy's market value can be influenced by many factors that don't directly affect Patriot Energy's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Patriot Energy's value and its price as these two are different measures arrived at by different means. Investors typically determine if Patriot Energy is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Patriot Energy's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.